When most people decide to form a partnership, they don't stop to ask their prospective business partner about the stability of their marriage, but maybe they should. Divorce is a factor that can put your company's valuation on the line and change who owns it. These...
Burlingame Legal Issues Blog
Estate planning is more complicated for non-citizens
If your estate is worth $11.58 million or more, any dollar amount over that amount will be subject to federal estate tax of 40%. The threshold is likely to reduce in the future. If you are a high-asset couple, efficient estate planning could potentially save you...
What does a breach of fiduciary duty mean?
Bestselling business author Stephen R. Covey wrote that “Trust is the glue of life… It’s the foundational principle that holds all relationships.” Unfortunately, as everyone learns sooner or later, you cannot trust everyone. Specific business relationships require...
Tips for managing wealth effectively
When you achieve personal or professional success, you'll likely have a considerable amount of wealth. You'll know by now that to maintain and grow your wealth, it's vital that it's managed wisely. The more wealth you accumulate, the more time you'll need to invest in...
Taxes and Your Estate Plan
They say that the only things we can count on are death and taxes. For some people, the former leads to the latter -- if they don't plan ahead properly. Estate taxes, also known as "death taxes," are controversial, but they are not an issue for most estates. For the...
Don’t let excuses hold you back: Estate planning is essential
There is no doubt that estate planning can bring up some negative feelings. Some people don’t want to think about their eventual deaths or what will happen in their futures. It makes sense, but at the same time, having the right estate plan in place can help protect...
Your rights as an individual with a broken contract
When you complete a contract with another person or with a company, you expect the other party will fulfill their obligation to you. Whether you hired someone to rebuild your back porch who took payment and never did the work or you need a contract to purchase...
When Do You Need To Update Your Estate Plan? Taxes And Other Considerations
Creating an estate plan is a crucial part of planning for your future. However, the initial process of creating one is not the only important aspect of estate planning. Many people do not realize that they need to review and update their estate plan periodically in...
If you receive an inheritance, you may need a new estate plan
Receiving a sizable inheritance is often the result of a loved one taking the effort to create a comprehensive estate plan to protect their assets and allocate them to others after they die. If you have received a significant amount of money or physical assets, like...
Early estate planning gives you many choices
As you plan for your estate and what will happen if you’re badly injured or pass away, something you have to consider is the financial implications of the situation. It’s important that you prepare for the potential taxation of the estate and set up beneficiary...